South Glass A: Traditional glass business is expected to rebound

Post Time：Aug 12,2009Classify:Company NewsView：310

In the first half year of 2009, South Glass received 2.066 billion yuan operating income, an increase of 3.11%. Operating profit was 298billion yuan, down 39.49%. Shareholders of the listed company held 261 billion yuan, down 36.28%. The income was 0.21 yuan per share.

Comprehensive evaluation and rating adjustment: it was estimated that EPS of South Glass would be 0.44yuan, 0.58yuan, 0.69yuan separately in 2009-201 and the corresponding rate of dynamic earnings would be 40 times, 30 times and 25 times. Considering the potential capacity of solar energy project, South Glass still maintained the rate of “Prudent recommendation”.